We’re lowering our fees – again!
As the nonprofit, low-fee KiwiSaver provider, our mission is to provide a better choice for Kiwis. We’re about making members wealthier, not lining shareholder pockets.
So we’ve just announced our 5th fee cut in 5 years. From 1 April, we’re lowering our total fund charge to 0.30% across our Conservative, Balanced and Growth KiwiSaver Funds and our diversified investment funds. Says Sam Stubbs, Simplicity MD: “Being a KiwiSaver manager involves huge economies of scale. Fee cuts in our industry should be frequent, but they aren’t.”
Simplicity believes in passing on the benefits of scale to our members – and we’re on track for further fee cuts in the future. Check out more details on our blog now!
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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60% Yes, supporting people is important!
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25.7% No, individuals should take responsibility
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14.3% ... It is complicated
Storm damage and garden clean ups
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Wild weather in Wellington
Wellington’s wild weather is really making itself known — trains and flights are being cancelled, and drivers are being reminded to take it slow and stay safe out there.
Want to stay in the loop and see what’s happening next? The Post has all the latest updates to keep you covered.
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